openPR Logo
Press release

Offshore Decommissioning Market - Future Growth with Current Trends Analysis 2017-2025

12-22-2017 05:24 AM CET | Energy & Environment

Press release from: TMR Research

Offshore Decommissioning Market - Future Growth with Current

Global Offshore Decommissioning Market: Overview

Offshore decommissioning is the process of disassembling offshore oil platforms, which also includes burying the holes drilled into the ground for exploration and extraction purposes. Mature oil platforms can have an adverse impact on the surrounding environment, which necessitates their removal. The global offshore decommissioning market is likely to remain a key sector of the global oil and gas industry in the coming years, as the latter is likely to emphasize increasingly on offshore petroleum extraction. Well plugging and abandonment is likely to remain the key segment of the global offshore decommissioning market in the coming years, with the extensive scale of the operation key in ensuring a steady dominant share for the segment in the global market.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2489

Global Offshore Decommissioning Market: Key Trends

The global offshore decommissioning market is likely to exhibit steady growth in the coming years due to the rising number of mature oilfields, which no longer remain commercially viable. The high number of aging platforms in shallow water is also likely to remain a key driver for the global offshore decommissioning market in the coming years.

On the other hand, the high cost of offshore decommissioning projects could hinder the growth of the global offshore decommissioning market. Due to the large scale of offshore oil and gas platforms, significant expenditure needs to be dedicated for effective offshore decommissioning projects. Since the expenses go toward removing a nonfunctional asset rather than expanding the existing capacity, many players in the global oil and gas industry have remained reluctant about offshore decommissioning. The technology required to carry out offshore decommissioning efficiently are also lacking in several regions, as is systemic support from the regulatory framework. This is also likely to restrain the global offshore decommissioning market in the coming years.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2489

The rising use of techniques to maximize and prolong the viability of oilfields is also likely to restrain the growth of the global offshore decommissioning market in the coming years. Refilling and other techniques can help extend the operational lifespan of oilfield by a few years, and result in further profits for the oil and gas operator. This remains a key challenge for the offshore decommissioning market in the coming years, as offshore decommissioning remains unprofitable both economically as well as logistically compared to these techniques.

Global Offshore Decommissioning Market: Market Potential

Oil and gas operations in the North Sea are likely to be vital to the global offshore decommissioning market in the coming years. The U.K. and Norway are among the leading oil producers operating in the North Sea and are likely to remain among the key consumers of offshore decommissioning technology in the coming years. As a result, Europe is likely to be the leading regional offshore decommissioning market over the coming years.

Global Offshore Decommissioning Market: Geographical Dynamics

Following Europe, North America is also likely to retain a significant share in the global offshore decommissioning market due primarily to the rising role of the U.S. in the global oil and gas sector. The U.S. has traditionally been a major player in the oil and gas industry and is a leading operator of offshore oilfields at present. The rising prominence of Southeast Asian countries such as Indonesia and Malaysia in the global oil and gas sector is also likely to drive the Asia Pacific market for offshore decommissioning in the coming years.

Get Discount @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=2489

Global Offshore Decommissioning Market: Competitive Dynamics

The leading players in the global offshore decommissioning market include AF Gruppen ASA, Amec Foster Wheeler Plc, John Wood Group Plc, Ramboll Group, Aker Solutions ASA, and Tetra Technologies Inc.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,

3739 Balboa St # 1097,

San Francisco, CA 94121

United States

Tel: +1-415-520-1050

Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Offshore Decommissioning Market - Future Growth with Current Trends Analysis 2017-2025 here

News-ID: 872501 • Views: 352

More Releases from TMR Research

Farro Market Scope and Opportunities Analysis 2018 - 2028
Global Farro Market: Overview The demand within the global farro market is rising at a boisterous pace in recent times. Food sciences has become an important area of research, and has generated fresh opportunities for several markets. Young food scientists are making extensive efforts to draw comparisons amongst various types of grains, cereals, and vegetables. The aforementioned factors are suggestive of a boisterous pace of growth within the global farro
Aronia Berries Market 2028 | Mae's Health and Wellness LLC , OPG Medic , Microst …
Global Aronia Berries Market: Overview The global aronia berries market is slated to witness an ascending trajectory of growth in the years to follow. The health benefits of consuming aronia berries is amongst the primary drivers of demand within the global market. Moreover, the awareness of the masses about the nutritional value and healthy appeal of these berries has also aided market growth. Medical experts recommend consumption of aronia berries to
Propolis Market 2028 | Key trends/opportunities/challenges
Propolis Market: An Overview The propolis market is expected to witness robust growth during 2018-2026. Propolis is a drug on the rise for a wide variety of assumed and proven benefits. Propolis embeds a special compound called pinocembrin. This flavonoid works as an antifungal with its anti-inflammatory properties and antimicrobial properties. The medicine is widely used for its ability to help heal major wounds. Studies continue to support the use of
Grain Processing Equipment Market 2028 | Osaw Agro Industries Private Limited, G …
Global Grain Processing Equipment Market: Overview The demand within the global grain processing equipment market is rising alongside advancements in the field of food sciences. Processing of grains is an important consideration for healthcare experts and dietitians. The nutritional value of grains largely depends on their level of processing, and this factor has played an integral role in market growth. Food scientists emphasize on the need for granular processing of grains

All 5 Releases


More Releases for Offshore

Aban Offshore Ltd
Aban Offshore Ltd Aban Offshore Ltd – Company Profile & Financial Analysis” contains in depth information and data about the company and its operations. You will find information on the business structure, areas of operation, products and services offered by the company. It also comprises SWOT analysis, key ratios, historical financial data and insider’s view on financial stability and industrial ranking with financial forecasts for two- year period. This report is
Global Offshore Hydropower Market
A new report added to the repository of Market Research Reports Search Engine “Offshore Hydropower Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023” is a comprehensive repository of information, providing market share, size, and forecast. Request for Sample Report @ https://www.mrrse.com/sample/1785  Global Offshore Hydropower Market: Overview The global offshore hydropower market is substantially gaining from the rising demand for clean energy. Concerns pertaining to the depleting resource
Global Offshore Investments Analytics
Summary Global Offshore Investments Analytics enables cross-comparison of the global offshore investments markets at a country level for 55 countries. For each of these markets, the dashboard presents historic data on the balances for the key product areas available for the market under consideration. The product areas are deposits, mutual funds, equities, and bonds. Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=439724&ptitle=Global+Offshore+Investments+Analytics&req=Sample Synopsis – Compare the performance of 55 offshore investments markets around the world. – Understand the asset
Global Offshore Investments Analytics
Summary Global Offshore Investments Analytics enables cross-comparison of the global offshore investments markets at a country level for 55 countries. For each of these markets, the dashboard presents historic data on the balances for the key product areas available for the market under consideration. The product areas are deposits, mutual funds, equities, and bonds. Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=439724&ptitle=Global+Offshore+Investments+Analytics&req=Sample Synopsis – Compare the performance of 55 offshore investments markets around the world. – Understand the asset
Main Offshore Services of World Offshore
World Offshore is a specialist in the creation of the offshore companies in almost every country in the world. Over the last 10 years World Offshore offers advice and legal expertise to those who wish to invest in the field of offshoring. Offshore Virtual Office Like a regular business, the management of an offshore company is not easy. You must be reachable all the time for good business. Therefore World
Offshore Development Outsourcing Services
Offshore Development Outsourcing Services are important for the difference they make to a project. The benefits coming through them can be highlighted through the fanciest of words but felt in the real sense only when the work shows results. Getting offshore service providers to do web development projects has been a practice in place for a long time now. Their outsourcing services have made a world of difference to the applications